Protech sleeps well with latest acquisition

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Tuesday, October 27, 2020

CINCINNATI – Protech Home Medical has acquired Sleepwell, a company based in Georgia with unaudited trailing 12-month annual revenues of about $13 million. 

Sleepwell has adjusted EBITDA of about $3.25 million, net income of about $2.5 million and no debt. 

The company provides sleep services in the Southeastern corridor, as well as Dayton, Ohio, which is a new market for Protech. It adds five locations and 15,000 active patients to Protech’s roster. 

Dave McLeod, a 12-year veteran of the industry, will join the Protech executive team as director of sleep services. 

Following the close of Sleepwell, Protech has a run-rate revenue of about $120 million to $125 million, and adjusted EBITDA of $26 million to $30 million. 

Protech now has 48 locations across the U.S., 110,000 active patients and 17,000 unique referrals. 

The company has made a number of acquisitions this year, including Buffalo Grove, Ill.-based Health Technology Resources